Agricultural sectors play an important role in the process of economic development of a country, especially in developing ones. Vietnam is known as an emerging market, which depends directly on agriculture-related activities for their livelihood, in which the issue of rural credit access still remains a confounding problem. The paper focuses on the characteristics of rural credit markets, the determinants of farmer access to the markets, the socio-economic impacts of credit access in Vietnam and briefly comparing with those of some developing countries. This question is addressed by reviewing existing literature and empirical evidence, followed by a comprehensive case study in Vietnam. Comprehensive literature review with secondary data collection and key informant interviews are methods that are applied in this research. The results of this analysis indicate the features of Vietnam markets as participated constraints, government intervention, and segmentation. Other results reveal the significant determinants of credit accessibility. Impacts of credit access on output production, household income, and poverty reduction are highlighted in this paper. Some managerial implications are recommended for households through participation in lending networks; for financial institutions relating to expand target clients as well as capital allocation; and, for policy-makers via ensuring market competitiveness and sustainable development in the long run.
Agriculture and rural development has continuously been a hot debate and received significant attention from literature. In this context, endogenous development is considered to be basic approach for rural development strategies in many countries of which the Japanese model namely One Village One Product (OVOP) is a successful one. This paper studies the OVOP movement and analyzes its early adaption in Vietnam, the so-called One Commune One Product (OCOP). This question is addressed by reviewing the existing literature on OVOP following by a case study in Quang Ninh province, Vietnam. The results, reveal, in practice, despite some criticism, OCOP strategy in general generate employment opportunities, incomes; enhance creativity and capability of local people.
30 September 2024 in Hue University Journal of Science: Economics and Development
Traditional product development and their interest have been increasing among stakeholders recently. This research applies mixed methods of comprehensive literature review and secondary data collection related to the Vietnamese traditional food products (TFPs) production and a national promotion strategy for these products, namely the One Commune One Product program (OCOP). The results show that Vietnam has lots of traditional products, including foods, drinks, fermented products, … of which foods dominate the most proportion. In this study, TFPs in Vietnam are categorized into groups of traditional fermented products of alcoholic beverages, fish products, meat, soybean products, and vegetables. Additionally, the OCOP program has attained significant results of developing the TFPs, increasing income, and improving livelihoods for farmers.